The global printed tapes market is expected to
reach USD 39.79 billion by 2025, according to a new report by Grand View
Research, Inc. Growing utilization of the tapes for branding and marketing
purposes is expected to bolster growth over the forecast period.
The demand for printed tapes is expected to witness
significant growth on account of the growing demand in food & beverage and
for branding and promoting new products and for increasing consumer awareness.
In addition, the growing use of printed tapes in road marking & hazard
safety application is expected to have a positive impact on the market.
The growing use of various taping materials including
polypropylene and polyvinyl chloride (PVC) coupled with availability of
different types of adhesives to suit specific application needs is expected to
have a positive impact on the industry over the next eight years. In addition,
increasing used of different types of printing inks is expected to aid the
market growth.
The use these tapes for packaging application aids in
classifying the products during transit. Furthermore, the use of various
printing technologies has assisted in multicolor printing on the tapes, which
in turn has bolstered the use of the product in transportation and logistics
and hazard safety applications.
Browse
full report by Grand View Research:
Further key findings from the report suggest:
·
Polypropylene accounted for the largest
revenue share in 2016 with 45% of the overall revenue share. High strength,
clarity, moisture, chemical & heat resistance offered by the material is
expected to augment the use of the polymer for printing over the next eight
years.
·
Digital printing is expected to be fastest
growing technology with a CAGR of around 7.0%. Cost effective solutions coupled
with improved printing quality offered by the technology is expected to drive
the digital printing technology market.
·
UV curable ink is expected to witness
substantial growth over the next eight years. Ease in printing coupled with
rapid curing nature of the inks is expected to be the key aspect for increasing
adoption of UV inks for printing applications over the forecast period.
·
Hot melt carton sealing tapes accounted for
the largest revenue share in 2016 with 47% of the overall revenue share.
Increasing use in industrial as well as packaging applications is expected to
have a positive impact on the demand for hot melt carton sealing tapes.
·
Food & beverage technology accounted
for the 43% of the revenue share in 2016 and is expected to continue its
domination over the next eight years. The growing use printed tapes in branding
and promotional activities in the industry is expected to drive demand.
·
Asia Pacific accounted for 45% of the
revenue share in 2016. High growth opportunities in China and India coupled
with increasing import-export activities in the region is expected to drive the
demand over the projected period.
·
3M, Le Mark Group, Kilby Packaging and Bron
tapes are expected to be the major players in the industry. Different printing
technologies coupled with technical services provided by the printers are the
two major strategies adopted by the key players in the market.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has
segmented the global printed tapes market on the basis of raw material,
technology, ink, product, application and region:
Raw Material
Outlook (Volume, Million Sq. Meters; Revenue, USD Billion, 2014 - 2025)
·
Polypropylene
·
Polyvinyl Chloride
·
Others
Technology
Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)
·
Flexography
·
Lithography
·
Digital printing
·
Screen printing
·
Gravure
·
Others
Printing Ink
Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)
·
Water-based
·
Solvent-based
·
UV curable
Product
Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)
·
Acrylic carton sealing tape
·
Hot melt carton sealing tape
·
Natural rubber carton sealing tape
Application
Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)
·
Food & beverage
·
Consumer durables
·
Transportation & logistics
·
Others
Regional
Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-printed-tape-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
